TechCrunch

OCTOBER 5, 2021

The average penetration rate for insurance in Africa is between 3% to 5%. The insurance market is still one of the industries least disrupted by technology on the continent. million seed round to provide insurance services for Egyptians. El Tohfa says the reason is that insurance companies do not prioritize individuals.

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CIO

NOVEMBER 26, 2024

Data is the lifeblood of the modern insurance business. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing, and driving business decisions from that data. There are lots of reasons for this.

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TechCrunch

FEBRUARY 2, 2022

African countries are yet to catch up with social security and safety programs commonly used in the West, where the government provides health insurance and unemployment benefits to citizens. The general perception of insurance on the continent has been bland for years, and its penetration rate, except South Africa, is subpar.

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CIO

MAY 22, 2024

In a world where digital threats loom large, cybersecurity leadership has become paramount. Recognizing the crucial role of cybersecurity leaders in safeguarding the nation’s digital infrastructure, the first edition of the CSO30 Awards recently took place in Dubai, showcasing the cream of the crop in the field.

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TechCrunch

MARCH 13, 2023

Mercury , a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer. invested in U.S.

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TechCrunch

JANUARY 23, 2023

Coverdash , providing small businesses, e-commerce merchants and gig-economy workers with insurance, launched its product in all 50 states after closing over $2.5 The company secured 35 of these partners pre-launch, Betesh told TechCrunch. Coverdash’s insurance policy dashboard. million in seed capital.

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TechCrunch

MAY 16, 2023

The funding amount isn’t going to impress anyone as the company managed to secure $55 million. In addition to this traditional equity investment, Wefox also secured $55 million in a revolving credit facility from JP Morgan and Barclays. As a reminder, Wefox sells insurance products through in-house and external insurance brokers.

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N2Growth Blog

OCTOBER 12, 2023

Crafting the Future: The Significance of Selecting the Right Insurance Executive In today’s fast-paced and ever-evolving business environment, securing the right insurance executive is more than a mere hiring decision —it’s a pivotal investment in the company’s future.

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TechCrunch

MARCH 7, 2023

All said, Assured Allies joins with insurtech companies around the world that did manage to secure some decent funding recently, including Equisoft , Naked Insurance , Turaco and Acko. It has been proven to reduce the cost of long-term insurance claims by roughly 20%, Nahir told TechCrunch. Akilia Partners and Samsung Next.

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CIO

NOVEMBER 27, 2024

For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. According to a Cloudera survey, 72% of business leaders agree that data governance is an enabler of business value, underscoring the critical link between secure data and impactful AI.

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CIO

NOVEMBER 6, 2024

One way to solidify customer trust is through cybersecurity compliance. As a growing healthtech company that helps healthcare organizations manage payments and revenue, Trend Health Partners has been laser-focused on HITRUST (Health Information Trust Alliance).

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TechCrunch

DECEMBER 13, 2021

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

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TechCrunch

JANUARY 25, 2021

Pula , a Kenyan insurtech startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a Series A investment of $6 million. Agriculture insurance has traditionally relied on farm business. or Europe with typically large farms, an average insurance premium is $1,000.

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TechCrunch

NOVEMBER 16, 2022

Back in 2018, Refael Angel, a former security software engineer at Intuit, had an idea for a new approach to protect encryption keys — the random string of bits created to scramble and unscramble data — on the cloud. GitGuardian estimates that app security engineers on average have to handle over 3,400 secrets occurrences.

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TechCrunch

JUNE 14, 2021

million in seed funding, led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet , Moneta Seeds and private investors. 12 top cybersecurity VCs discuss investing, valuations and no-go zones. Fraud protection startup nSure AI has raised $6.8 RSA spins off fraud and risk intelligence unit as Outseer.

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TechCrunch

SEPTEMBER 13, 2021

Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings , will enable it to create a cybersecurity risk platform, while the credit ratings giant said it plans to make use of BitSight’s cyber risk data and research across its integrated risk assessment product offerings.

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TechCrunch

NOVEMBER 27, 2023

Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack.

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CIO

NOVEMBER 18, 2024

Traditionally viewed as rock-solid and steady, the insurance industry is not exactly associated with taking big risks. Gray Nester, CIO, Brown & Brown Insurance Gray Nester / Brown & Brown Some, like BBNI’s Technology Solutions Group, are being renamed and restructured to orchestrate greater immersion in the business.

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TechCrunch

AUGUST 6, 2021

Verifiable founder Nick Macario told TechCrunch that data fuels critical operations across health systems and insurance carriers, like contracting, credentialing, enrollment, claims and directories. Insurance payers is the newest part of the company’s expansion that includes verifying provider directories.

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TechCrunch

DECEMBER 29, 2020

Its headline feature is an insurance-backed solution that means no deposit is required from tenants. The broader premise is that by digitising the rental process and adding an insurance layer, further trust can be generated between parties, therefore increasing occupancy rates. Our learning curve was tremendous.

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TechCrunch

JUNE 16, 2021

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. You’re dealing with so many touch points with your insurance, so many people that need to come and check things out again.

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CIO

FEBRUARY 20, 2024

Sensitive personal and medical information can be used in multiple ways, from identity theft and insurance fraud to ransomware attacks. The good news is that AI can be used to improve security. Used well, AI can also boost the security posture of healthcare organisations.

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CIO

JANUARY 19, 2024

According to Deep Instinct’s research , 75% of security professionals observed an increase in cyberattacks in 2023, with 85% of them attributing the rise to generative AI. Changes to social expectations surrounding privacy have led to individuals wanting transparency and security from the entities that collect and process our data.

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TechCrunch

JUNE 7, 2022

Innovation has long been a part of insurance: Managing general agents were a result of insurers requiring agents far afield to have a measure of independent underwriting and servicing ability. To better manage cybersecurity risk, extend zero-trust principles to third parties.

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TechCrunch

MAY 26, 2021

The company also claims to save policyholders up to 25-30% compared to other insurance premiums. Over the past year, Obie has secured insurance for over $3 billion worth of property. In conjunction with its funding announcement, Obie also announced today the extension of its property and casualty insurance to all 50 states.

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CIO

JULY 18, 2024

Despite the importance of the mainframe, it has been neglected over the years with organizations focusing on perimeter security. According to Gartner , IT security software is the top purchase category (28%) for those buying IT-related software. But only eight percent of those buyers are purchasing IT management software.

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TechCrunch

MAY 17, 2023

Obie , a real estate-focused insurance technology company, has raised $25.5 million Series A — nearly two years ago, the startup says it has gone from securing insurance for over $3 billion worth of property to $20 billion worth. million in a funding round led by Battery Ventures.

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TechCrunch

MARCH 3, 2021

Late last night Oscar Health , a tech-enabled medical insurance provider, priced its IPO at $39 per share. The final price came in $1 per share above its raised IPO guidance; Oscar Health had originally targeted a $32-$34 per-share IPO price. Some 37,041,026 shares were sold at $39, including 36,391,946 offered by the company itself.

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TechCrunch

NOVEMBER 4, 2020

These venues for buyers and sellers of business-related products are exploding in popularity, fueled by better infrastructure, payments and security on the back-end and companies’ increased need to conduct business online during the pandemic. Insurance is designed to protect against damage to the goods in transit or theft.

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TechCrunch

DECEMBER 13, 2023

Now, one of the companies building security tools for SMBs has raised a round of funding to expand its business, underscoring the demand in the […] © 2023 TechCrunch. All rights reserved. For personal use only.

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TechCrunch

JUNE 8, 2022

Branch , a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 In other words, the company has partnered with mortgage or security system providers to integrate insurance at the point of sale in their products. The company has seen impressive growth.

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CIO

JUNE 22, 2023

There’s a demand for skills such as cybersecurity, cloud, IT project management, UX/UI design, change management, and business analysis. It’s an industry that handles critical, private, and sensitive data so there’s a consistent demand for cybersecurity and data professionals. Average salary: US$131,995 Increase since 2021: 0% 2.

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TechCrunch

SEPTEMBER 15, 2021

In addition to the seed round, the agritech startup secured $1.5 Pan-African focused venture capital firms Samurai Incubate Africa, Future Africa and Consonance Investment Managers led the round. Individual investors like Stephen Pagliuca, the chairman of Bain Capital and Justin Kan of Twitch also participated.

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TechCrunch

SEPTEMBER 16, 2021

While performing due diligence on the space, she saw traditional engineering cultures utilizing CodeSignal, but then would also see nontraditional companies like banks and insurance companies. Their traction was undeniable, and many of our portfolio companies were using CodeSignal,” she added. “It

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TechCrunch

DECEMBER 14, 2022

Bondaval’s flagship product are MicroBonds, which serve as an alternative to traditional bank guarantees and trade insurance by fractionalizing the underwriting process. Another option is credit insurance; the drawback there is that those policies can be cancelled by insurers.

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TechCrunch

OCTOBER 19, 2022

Acko, which became a unicorn last year after securing a funding round led by General Atlantic, and the investment firm declined to comment Wednesday. It develops and sells bite-sized auto insurance products (aimed at drivers and others in transportation-related scenarios), healthcare protections to employers, as well as protection on gadgets.

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TechCrunch

SEPTEMBER 20, 2022

“We [also ] don’t allow use of our data for employment, credit, health care or insurance purposes, and we don’t allow use of our data to target vulnerable or sensitive communities — for example, by political, religious or sexual orientation — or to identify those within sensitive areas (e.g., or to places.”

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